Brazilian state-run energy giant Petrobras (PBR) notified the country's National Petroleum Agency late Tuesday that it had discovered signs of oil and natural gas at an offshore Potiguar Basin block.
Petrobras said it found traces of oil and gas in a wildcat well drilled at the BM-POT-11 offshore block. The 1BRSA710RNS well was drilled by the Petrobras V rig at a target depth of 3,515 meters, ANP drilling data showed.
Oil companies operating in Brazil must inform the ANP of indications of oil, gas or hydrocarbons in any exploratory well within 48 hours. The disclosures are routine, and do not indicate commercial viability.